Will buying take a backseat to building in 2020?

Will buying take a backseat to building in 2020?

Top Response : If I had my own product and I am a believer in my product then I would build it from scratch because I would want everything to be customized. If you have to launch an MVP and you have lesser amount of time on your hand, then you can take some readymade off-the-shelf product just to get some initial customers. Once you have the initial traction, then you can build out a full-fledged custom solution.

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Blue Hard Drive
Engineering, Software
If I had my own product and I am a believer in my product then I would build it from scratch because I would want everything to be customized. If you have to launch an MVP and you have lesser amount of time on your hand, then you can take some readymade off-the-shelf product just to get some initial customers. Once you have the initial traction, then you can build out a full-fledged custom solution.
0 upvotes
Red Charger
Engineering, Real Estate, Rental and Leasing
If it's readily available, I'll just tap onto it. The SAS-based products are all things I'm happy to use and customize and configure for our needs. If it's not available in the market, I'll build it and then have it delivered, maintaining it using an outsourced model.  If the group is large--having a user base of more than 500 or 700 users in SAP alone--it may not be practical for us to outsource. Every aspect of projects and change request to outsource agencies. But onsite right we have project managers on our roles who drive these projects across the length and breadth of the company.  The answer is very hybrid in nature: anything which is new-age or next-generation, it's very difficult to get the resources and groom them and retain them and so will completely completely outsource it. Anything which is traditional, high volume and something which we need on a daily basis, we’ll either keep all our resources or keep onsite resources from outsourced parties.
0 upvotes
Black Server
CEO, Professional Services
The market is very fragmented today. One vendor does understand the customer’s business completely. He may understand even a process where there are also people. For example today if I have to automate one inbound process for a customer, I require approximately 25 tools and digital platforms and minimum I need to engage about 10 to 12 partners. So RPA is one mentor and one partner in workforce management becomes one platform and one separate vendor. One guy doesn’t understand the other platform. You see this is the challenge in the industry and the high level one that technology is going to catch up to. The skill sets now are not technology skill sets that are required. You also require skill sets that understand business processes woven into it and you need to have knowledge of adjacent domains if you’re a solution provider. Because no customer buys one platform if it doesn’t impact this internal process.
0 upvotes